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the chairmen write a budget that balances that would make this economy much better. and i thank the chair and will yield the floor. the presiding officer: under the previous order, the clerk will report the amendments that are in order en bloc. the clerk: the senator from nevada, mr. reid, proposed amendments en bloc for mrs. murray, amendment number 433 for mr. hatch amendment number 297, for ms. stabenow amendment number 432, for mr. grassley amendment number 156, for ms. mikulski amendment number 431, for ms. ayotte amendment number 158, for mr. cruz amendment number 202, for mrs. murray amendment numbered 439, for mr. crapo amendment numbered 222, for mrs. she haoepb amendment -- shihan amendment number 438. the presiding officer: the senator from washington. mrs. murray: mr. president, i want all of our members to understand that the second amendment that we will be voting on tonight is the ryan budget. there seems to be some resistance among my republican colleagues in bringing up the house republican budget for a vote, and it's pretty easy to see why that is. last year's house repu
to be fiscally responsible and reduce the deficit. to make velft to grow our economy and to meet our obligation to our seniors, to our families and to our future and the republican budget fails all three. republican budget threatens our nation by undermining our economic growth and by shifting the financial burden for the deficit, and the deficit reduction, to our seniors and the middle class. republicans have made their choices clear, end medicare as we know it, adding costs to seniors today and ending the medicare guarantee tomorrow, slashing investments necessary for economic competitiveness and giving millionaires an average of $400,000 in tax breaks. republican budget eliminates protection for millions of our sickest seniors who depend on nursing home and home health services and republican budget will increase taxes for average middle-class families by $3,000. their choices will cost two million jobs next year alone and decrease economic growth by 1.7%. in contrast, the democratic alternative present serves -- preserves the medicare guarantee and makes investments in education, innovation
of the gridlock and dysfunction here in washington, d.c. they can see that our economy is slowly getting back on its feet, businesses are beginning to hire more workers, but my constituents and people across the country are very frustrated that the constant political crises are holding our recovery back right when we need to be doing everything possible to support it. after two years of debate about fiscal and economic policy and an election in which voters spoke loudly and clearly, the american people want their elected representatives to stop arguing and reach some solutions. mr. president, i come to the floor today to discuss a budget plan that meets this challenge. the senate budget that passed through the budget committee last week with the strong support of all ten democrats and two independents. it is a responsible and balanced plan that puts the economy first and tackles our deficit and debt responsibly and credibly, and i am hopeful that after it passes the senate, the house of representatives stands ready to compromise as well and we can come together around a balanced and bipartisa
it is important to realize that it is possible to make investments in our economy today, create jobs, repeal the sequester, and still reduce our deficit in a responsible and laled way. -- and balanced way. in closing i urge my colleagues not to be scared by the rhetoric that sometimes we hear. instead, i urge my colleagues to support one of the multiple budget proposals that reduce our deficit responsibly while creating jobs today and protecting the important programs like medicaid and medicare for generations to come. i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back her time. the gentleman from georgia. mr. woodall: thank you, mr. speaker. i yield myself such time as i may consume. i thank the gentlelady for being with me on the floor today. i'll say that we sometimes have some controversy in the rules committee, mr. speaker. there is a lot of responsibility that lies in the rules committee. with 435 folks here in this chamber. we all would like to have our say. we'd all like to have our say probably more than once. and the rules committee's tasked wi
our ailing economy and certainly not the answer for the hardworking folks back home in wyoming. when you start with one party doing the drafting and those who wrote the budget hold the majority on the budget committee, you can expect the bill to be one-sided. if you keep on doing whatever you a been doing, you can expect to get the same results. unfortunately, i believe that's what we'll see this week as we debate the budget here on the senate floor. the majority kept us in the dark on the budget until the last -- until last wednesday evening. we had to present our opening statements in the budget committee before we even sue the budget the majority -- even saw the majority the budget would offer. i do have to say in the defense of the majority that that's the way it's been for several years, both when the republicans were in charge and when the democrats are in charge. thea's thacharge that doesn't mean it is right. you have to share it. so then we had to turn around and start voting on the amendments the next morning in the budget committee and we weren't part of that process, beca
, growing the economy, strengthening the middle class and reducing the deficit. our proposal puts people to work this year with specific and targeted investments, while investing also in education, energy, research and infrastructure and keeping our commitment to america's seniors. our plan is fair, balanced, reasonable and responsible. it is pro-growth, pro-people, pro-america and approach favored by the majority in this country. i yield back the balance of my time. mr. horsford: thank you, congresswoman bass. and to focus on jobs and investing in our future, the fact that is pro-growth, pro-people and 70% of the american people support this type of approach is why the c.b.c. is offering this as an alternative to the house republican majority. and to speak further on the pro-growth needs of this budget, my representative -- my colleague, i should say in the new freshman class. it's been a delight to get to know her, the gentlelady from ohio, representative beatty. mrs. beatty: thank you so much. thank you, mr. speaker. i rise today to discuss house budget committee chairman ryan's fisca
-sixth of the economy in order to be able to gain control of our lives, and of course it's going to be a mess. what does the government do that is good when it starts interfering with our lives? there are functions for the government. they need to remember what those things are and leave the rest of us alone. >> neil: what they discovered, as you warned -- this is prior to your prayer breakfast meet and greet with the president -- that all of a sudden the goodies would be showcased up front. the problems would be later. the goodies were fewer, the problems many more, and the cost of this potentially much, much hire than the thought. how is all of this rolling out now? >> well, of course the reason that it was done in secret, rather than in a transparent manner in which it was supposed to have been done, is because there are so many bad parts of it. there's so many obligations so many new taxes associated with it. it's incredibly expense simple. it was supposed to lower the cost. it has raised the cost of the premiums for average family, and in the neighborhood of $5,000. this is a disaster. and the real
bernanke will keep printing to bail out barack obama's weak economy. and print as many yen as it takes to bail out japan. the markets truly love it. europe is the odd man out. they've given ultimatum to cyprus, no bailout if you can't get it together by next tuesday. here is something else to get you fired up. cyprus wants to nationallize y payshun money. "varney & company" is about to begin. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futureses move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >> thursday, march 21st. m headline today, ben bernanke
this. gallup, fox news, rasmussen, after the economy, the number two concern to the people is the debt. i think there is a growing sense that government spending and government debt at these levels, it does act as a huge drag on the economy. connell: what we have been saying here, unless the interest rates start to go up, you can pull people and they can say whatever they want. their behavior will not change unless you see a spike in interest rates. >> it will be hard to get a spike in interest rates with the fed flooding the system with liquidity. the whole world is on painkillers right now. we have become addicted to liquidity, easy solutions and until the fed start to bring it in and interest rates go up, i do not see a change. dagen: do the people who are still buying taxable debt, you start to see money flowing back into u.s. stock. you see billions every week into world stock. >> i think we are somewhere close to the end of a bond bubble. for the third time in 60 years, we are looking at ten year treasury rates below inflation. that is, obviously, not a way to build over time. we
country at the forefront of the global economy. israelis understand the value of education and have produced 10 nobel laureates. [applause] understand the power of invention and universities educate engineers. that spirit has led to economic growth and progress. ,olar power, electric cars synthetic limbs, stem cell research that treat disease. computer technologies that change the way people around the world live. if people want to see the world of the future economy, they , home ofok at tel aviv research centers and startups. [applause] are active on social media. every day seems to be a different facebook campaign on where i should give a speech. [laughter] [applause] that innovation is as important to the relationship between the united states and israel for security. our first free trade agreement in the world was reached with israel, nearly three decades ago. twoy the trade between our countries is at $40 billion every year. [applause] more importantly, that partnership has created new products and medical treatments and pushing new frontiers of science and exploration. that is
is not buying it. and some economists are now saying that there's a shadow economy that could explain why the retail sales are rising despite static credit spending and paychecks. an explanation at last. at it all ahead unless breaking news changes everything. >>> from fox, at 3:00 in new york city, seven u.s. marines are dead and several others hurt after a training exercise in nevada. it happened at hawthorne army depot there last night. the military uses that base to store weapons and train troops. according to military sources, large mortar, like the one you see hour, somehow exploded. officials describe frantic scene. it was 45-minute chopper flight to the nearest trauma center in reno. today the white house says the president is watching the developments. >> the president's thoughts and prayers go to the families of those who were lost and those who are injured. we're obviously in the early stages of assessing the incident. it's a tragedy, clearly, and the president was briefed immediately on -- and made aware of it immediately and briefed on it, and we're monitoring the situation.
food assistance to kids in this country and funding for r&d will drive our economy, but we can't appropriate a sum of money to fix the real cost of iraq. can't pay back the lives of 4,486 american men and women who have died there or the roughly 2,000 broken soldiers who came home and took their own lives. the wounded, physically and mentally, the soldiers who didn't know how not to be a soldier, the families living with a hole in their hearts and the families living with someone they no longer recognize. 10 years leaving their families, living in hell, coming home to unemployment and the homelessness, to a country that's forgotten that it's at war at all, to a country that seems to think a yellow ribbon magnet on their bumper is the only kind of support that oir troops need and the cost in iraq, untold deaths. let me rephrase that. unknown deaths. we can only guess at the destruction that we have left in our wake. 115,000 iraqis, 600,000, you can find the number, what was the long-term impact of that on the environment, the water and health? what happens when someone lives in
a balanced budget and it's important we owe the country a reasonable plan and grows the economy. balancing the budget is not just a statistical exercise it's the necessary means to a healthier economy, it creates more jobs and helps people keep more of hard earned money and a contrast to the other budgets that are passing. at least budgets are passing here for a change, but all the other budgets have trillion dollar plus tax increases and have net spending increases and when he you have a trillion dollar deficit, we need to work on our spending and when the other side is offering even more spending increases and even more tax increases, more borrowing, we're still kind of worlds apart. >> greta: i went through the budget and it's very complicated, at least i think it's complicated. and i want to go to different provisions i understand. let me start with medicare. under your program it doesn't affect anyone over age 55. >> if you're born in 1958 or earlier, it doesn't affect you. meaning you stay in the current medicare program just as it's designed now. in addition we get rid of the obamac
coming up. in the next hour we're going to be talking the economy and the dow with jennifer ericsson from the center for american progress, and then we'll talk about cpac and james homan was at cpac and he'll be here in studio with us. the president is kind of kicking back this morning. he has private meetings in the morning, getting the daily briefing and then at 4:40 this afternoon we'll be delivering marks at a women's history gathering. another hour of the "full court press" coming up. [♪ theme music ♪] >> bill: good morning, everybody. itit i is s mondayayararchch 1 18th. welcome to the "full court press" here on current tv. we're bringing you up to date on all of the latest developments here in our nation's capitol, around the country and the globe, whatever is happening we'll tell you about it. and you get to tell us what it means to you by giving us a call at 866-55-press, joining us on twitter @bpshow, and there is a civil war among republicans. sarah palin said karl rove if he's so smart he ought to go back to texas and run for office, and karl ro
and the republicans in congress balanced the budget, but that's because the economy was growing in 1990s. i was there, i know it. it was balance -way before anybody expected it to be balanced. there is nothing that is particularly important about balancing the budget. it sounds good, but you don't really want the budget to be balanced if you have a lot of people who are unemployed or under utilize examines city. there's no reason to balance the budgets on the backs of the poor and if it means sacrificing investments in education job training, research and development, infrastructure. those are investments in future growth, the future of our country. we don't want to reduce those investments for the sake of some totem which is called balanced budgets. >> you pointed out to the gop leadership is held hostage by the tea party. when john boehner said we don't have a long term debt problem in this country it seemed he and president obama agreed to tone down the rhetoric to calm people a a bit. were you encouraged by that statement? >> i am encouraged in the sense that there is not a long term debt problem
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
might go a little higher. that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if we just turned this argumen
that the eurozone crisis may be impacting that region's biggest economy. crude fell 1.1% settling, $92.45 a barrel. sandra: miners outperforming as gold ends the session higher, still above the $1600 mark which everybody is watching im gold and newmont mining, barrick gold, kinross, all top performers up, between two and 4%. adam: you like banks? financial sector feeling the squeeze again as the turmoil in cypress continues to play out without a resolution. goldman sachs and morgan stanley, they led the declines. sandra: who needs a wallet? the mobile payment industry is one of the fastest growing areas in tech. $171 billion. we're telling you how to add some cash it your portfolio by investing in this cashless trend. adam: we've got new data out showing more consumers are cutting the chord and saying good-bye to pay it. v services. time warner, are you listening? does the trend mean you should say good-bye to cable stocks? a top on lift tells us which names will feel the pain and which ones will ride this trend to cash success. "after the bell" starts right now. sandra: first we'll tell you what
for a retirement crisis even as the stock market sits near highs and the economy shows improvement. host: so we're getting your take on this. your retirement andization. tell us if you are and why and if you are not, why not? it's a story in the "usa today" as well this morning confidence in retirement continues to flail about this report, because americans have to cope with many immediate financial concerns retirement is taking a backseat. only 2% of workers and a% of retirees say retirement is their most pressing issues. among other worries -- host: at least many americans have a more realistic perspective about retirement says the senior vice president of retirement and investor services at the principle financial group. host: in arkansas, a democrat, are you saving? caller: yes, i save every penny i can get my hands on. host: 401-k or how are you saving? caller: c.d.'s and bank accounts that are ensured. host: why not put it in the market? caller: i can't afford to lose it. i've seen too many people lose their behinds and with what little money i've saved all my life, i can't afford to lose
territory showing eastern manufacturing growth in february. so is all of this a sign the economy is improving? joining me now is michelle gerard, most fabulous u.s. economist for rbs. [laughter] how do you like that? did you know your title had been changed? >> i'm going to get my business cards reprinted. melissa: fabulous, why not? [laughter] talk to me about this data. did it make you feel good about the economy? is it a sign we're moving in the right direction? >> i tell you, you know, i -- it's hard for me to believe that the economy, um, is doing as well as it is. i mean, we've still got all the uncertainty about washington, and i think, you know, what's going on in cyprus is a reminder we shouldn't be so complacent about the eurozone, but the economy is really looking to be doing better than i, um, had even hoped that it would be. you mentioned the jobless claims numbers. i mean, there's something going on there. the trend there is nicely, has moved down nicely. it really kind of corroborates the strength we've seen in the employment numbers in the last couple of months. w
if constant budget deficits are going to ruin the economy they're taking an awful long time about doing so. the real fact about the budget is that the deficit has to be sustainable. but basically the government is a lot more like a company than it is like a household. and a company has debt as part of its permanent capital structure and it can have that debt forever. if the company keeps grog, it can take on more debt. similarly if we run a budget deficit, so long as it is small enough relative to the amount of economy is growing over the long-term that can be sustainable. we have to shrink the budget deficit over time, but not all the way to zero. the democrats are closer to correct on this point where the republicans have been attacking them because their budget doesn't balance over ten years. the budget shouldn't balance over ten years. >> i think you hit a key point. it's all about growth. you can grow your way out of deficits. we saw it during the clinton administration. it's also about looking at how far we've come. if you actually look at what we've already done in terms of getting
live" starts right now. >> megyn: fox news alert how one country's economy is saved from the brink of collapse in an unprecedented move that experts say comes at a major cost for anyone who uses a bank. think your money is safe? welcome to "america live" everyone, i'm megyn kelly. a tiny little island nation of cyprus has decided today that it will fix its financial crisis by taking people's money. and that's the ultimate solution. they will seize 30-- no, make that 40% being of every bank account in which the person has over 100,000 euros, about 120 or 30,000. and that's your thanks for having money in the cypriot banks and now there are questions about the global cost of the rescue and people find new limits to the trust we put in banks. greg palkot live in cyprus outside the parliament there. greg? >> reporter: yeah, that's right, that's right, megyn. the folks here in cyprus are breathing a sigh of relief, their country is not going bankrupt, but the price paid could be high for the people here and around the world. and with the european union to cough up its share of the money
to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking
in a trillion dollars. you would still be left with a deficit and you would wreck the economy. martha: interesting lesson. stuart, thanks very much. we'll be watching it throughout the day as i know you will. let's look at bigger picture of europe's debt crisis. five countries needed bailouts from the european central bank and imf. greece, spain, ireland, portugal as stuart mentioned. germany the fifth biggest. great britain at number eight. france with the 9th largest. italy at number ten. they all shrunk in the last quarter of last year. europe is basically contracting. the eurozone is losing huge numbers of jobs. a record 19 million people are unemployed. it is a tough picture and one we need to watch closely here at home. bill: sure do. no telling when that thing will get straightened out. >>> more rough water for carnival cruise lines. another disabled ship of vacationers, limping back to port. legend arriving yesterday. a leading senator calling for a passenger bill of rights. what would be in that bill? peter doocy live in washington. what would this bill of rights do, peter? >
. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
over republicans handling the economy to just a four-point advantage. congress is down there with saddam hussein and gaddafi and popularity, except that the other guys, being dead, don't really care. congress does. the president has to do the charm offensive because he got cocky. he won the election and he crushed republicans on the fiscal cliff, and he tried to do it on sequester. sequester, the way he pushed it, was a mistake. he overshot with talk of the apocalypse, which exposed and to ridicule. but then he acted so cynically with the biggest example being the shutting down of the white house tours, and people can understand that the administration was deliberately trying to find stuff that would be painful and visible rather than being economical with cuts. that is white and he had to retreat -- why he had to retreat. purposes.s serves two it makes the eu and look efficient by contrast, and makes the president's job rating look good by comparison. a continuing resolution, a washington speech, -- to fund, government's there will be an agreement on that pit the crunc
. let's listen. >> due to the influx and further strained the economy that is already under considerable external pressures with an unstable region, the ghoebl economy recovering. but having said that as i already alluded to, we are so grateful to the u.s. assistance in solving this enormous responsibility and together continue to appeal to international community for more help to face this calamity. i had the opportunity, obviously, to talk about the peace process and we're very delighted by the vision and depth of wisdom the president showed over the past several days with israelis and palestinians. and obviously reiterate jordan's commitment to the peace process and the crucial importance of the u.s. leadership in resuming the palestinian-israeli negotiations based on the two-state solution. there is simply no other formula, no other -- two-state solution is the only way to go and if you compare that also with the radicalization of syria, together with the peace process, this is going to be a serious threat to an already volatile region. i believe there is a window of opportunity to m
underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of the billionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used to that. it is like beating your head against the wall, when you stop, you still have a gaping wound but you feel better. i'm wondering whether we have a false assurance here? >> i don't feel like i have any kind of assure answer from anyone, both of the budgets not only house democratic budget but republican budget are asking for very contentiousesques one wants to us get rid of obamacare, that was a big struggle and the other wants to us get rid of the sequester cuts, which we've been haranging about for weeks now. neil: that just wastes time, every time they do that and add to more spending, we keep talk
of america's biggest cities. siemens. answers. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> it is the kind of plot you may find in a spy model, older man falls for a beautiful young women and falls for something and it isn't love. that's what allegedly happens with this defense contractor and former army officer. he is charged with passing nuclear secrets to his chinese girlfriend. here is cnn's brian todd. >> reporter: he is an army reservist with top secret clearance, doing contract work for contract command in ohio. benjamin bishop stands accused of leaking nuclear secrets, weapons, war plans, early warning radar systems. u.s. officials say he gave them to a chinese woman 32 years younger who he was having a relationship with. bishop was arrested and in is in custody. his attorney says this. >> served his country honorably for 29 years. maintains he would never do anything to intentionally harm the united states. >> reporter: is the woman a chinese spy? court documents identify her as person one. 27 years ol
and the economy, support for proxies'. if you had the opportunity to sit quietly with the supreme leader of iran and talk to him, talk him out of whatever he appears to be intending to do, what would you say to him about u.s. intentions at u.s. cooperation with our partners in the region? >> i would send dennis rodman over there. [laughter] the truth is the first thing i would do i would ask why they are doing what they're doing and i would like to hear it from him personally. because we know of course what his surrogates and proxy's are doing. i would like to know from him they close by the way, you know in that region that the three countries that have always been country, iran, turkey, egypt, they are the cornerstone of that region. it does not mean that we want to be like them or anyone want to be like them, but we have to account for the fact that those three countries are the historic cornerstones or and points of that region. the first thing i would like to is what is a they believe the future holds for the region and why are they apparently, it seems to me, on a path to try to dredge up
economy and creates good jobs that american people need to support their families. we must balance our budget for our students. those who are currently in our universities and community colleges should feel confident that an investment in their education will lead them to good-paying jobs when they graduate. a balanced budget gives them that confidence that their future will not be threatened by staggering debt. most important we must balance our budget for our children and grandchildren who deserve the same chance of the american dream that we have been given. rather than handing them a bill for this generation's irresponsibility, a balanced budget will allow us to hand them a brighter future, an american future. our budget, a balanced budget, represents a departure from the status quo here in washington and it represents house republicans' commitment to moving our nation forward in a fiscally responsible way. i urge my colleagues to support this resolution and i yield back my time. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from maryland, m
is your final four. the economy versus policy and fundamentals versus market. the policy in washington, d.c. and the economy which you could argue is getting better. >> it will be an amazing face-off. you mentioned harvard and cyprus. it has been a sweet 16 weeks for the stock market. that is a record unbeaten since 1989. cyprus this week halted that rally. we are seeing better job growth here. take a look. that's a cluster that is taking in, it will cost us 750,000 jobs this year. connell: the big interrupter, we have another good day today for the stock market. do you think washington can still upset at? >> i do. as we look at some of the other brackets, we are getting into the pre-announcement season for earnings. we have a number of positive valuations. when you look at just 1% earnings growth and those numbers being revised lower, hard to see the market. connell: you are worried, specifically about what type of a pullback. make your case. >> i think we are very close to that pullback. i think what we will see is it is maybe not the drivers that we are used to or we heard about over t
and spending more is not a path to prosperity. it is not going to give us a healthy economy. billy zane stars in barabbas. coming in march to reelz. to find reelz in your area, go to reelz.com the chill of peppermint. the rich dark chocolate. york peppermint pattie get the sensation. >> if you believe in state's rights but still support the drug war you must be high. >> "viewpoint" digs deep into the issues of the day. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. >> the motion is adopted without objection, the motion to reconsider is laid upon the table. michael: the scene from the house floor where paul ryan's budget barely passed, two votes. it was 221-207 that sounds like 14 votes but it was two more than they actually needed. there was a small margin for this budget, a l
$85 billion of spending and as many as three-quarters of a million jobs out of the economy this year. we've gotten used to republican leaders insisting the national debt is the nation's number one priority. but that might be so last week. here is congressman paul ryan on "face the nation" this sunday. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefutably happening. if we follow the president's lead or if we pass the senate budget then we will have a debt crisis then everybody gets hurts. you know who gets hurt first the poor and the elderly. that's what we're trying to prevent from happening. >> john: preventing a debt crisis to help the poor and elderly. that sounds like a really good idea. could speaker of the house john boehner agree with congressman ryan on this? >> we do not have an immediate debt crisis, but we all know that we have one looming. it could be a year, two years three years four years. it's not an immediate problem. >> john: how about canceling the sequester mr. speaker. while the national debt may not be an immediate problem sur
that has to do with the smart investments that we know we need to get the economy growing again, those are off the table. big tax cuts for the wealthiest americans that has to be made up by somebody and we know who that somebody is. >> thank you for coming in. there is no huge surprise that the ryan budget overwhelmingly passed in the house or that it failed in in the senate, but three senators voting against it, rand paul, ted cruz, mike lee. that's a new thing, tea partiers saying i'm even more conservative than paul ryan. is that the message? >> yeah. that is the message and also 2016 is the message. two of those three folks you mentioned have presidential ambitio ambitions. the rhine why we're in this situation in the first place is the inability to come together and pass a real budget. and really we see a new base rhine where these big tee bates are taking place, but the new sort of normal is the spending levels that were set by sequestration. and so yesterday we did see congress pass, pass a continuing resolution, pass a stopgap spending bill that went to the white house. and it
see the economy take off mr. mr. norquist? >> guest: okay, we haven't had trillion dollars spending cuts that we had an agreement by the president of the united states forced on them by the republicans to reduce spending over the next decade by a trillion dollars, so 100 million a year. they haven't started yet and they're just beginning to kick in. this a quest or is an additional $1.2 trillion over the decades to what the republicans want in the state battle we had in 2011, the budget control act was obama needs the debt ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have sever
will we see the economy take off, mr. norquist? >> guest: okay. we haven't had a trillion dollar in spending cuts what we had was an agreement by the president of the united states forced on him by the republicans to reduce spending over the next decade by a trillion dollars. so that's $100 billion a year. and those cuts haven't started happening yet. they're just beginning to kick in. the sequester is an additional $1.2 trillion over the decade. so what the republicans won in that big battle we had in 2011, the budget control act, was that obama wanted to keep spending, and he needed the debt ceiling to be increased because he'd spent so much money. and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked a
the sequester for the moment maybe don't do anything. the economy looks like it's picking up a little steam. and that might be just what we need. you know, in terms of the ryan budget, it took a public drubbing in the election. we, we already forgotten about november? when the republicans ran on the ryan budget. if they want to keep revisiting that, that's their choice. but why are we talking about this? we just find out that medicaid and medicare deliver health care cheaper than anything else? and they want to eviscerate that? it makes utterly no sense at all to me, anyway. >> howard, these seem to be sort of political manifestos, more than fiscal proposals. especially the ryan budget, over 40% of its savings are based on a repeal of obama care. which ain't going to happen any time soon. >> i agree, they are political. they aren't even opening negotiating positions, sometimes people set out markers that are designed to begin negotiations. these are political documents and they're speaking to their own parties. and the democrats have already said, look, you want to run on the ryan budget ag
, interest rates are extremely low right now. there's a lot of unused productive capacity in the economy. there is disagreement over whether you could continue to run the deficits. so, you know -- i don't want to say there's no disagreement. people do disagree over this, and that's the problem that washington hat right now. everyone says we have to cut, we have to cut. that's the problem with the murray budget. it goes way too far toward the republicans. if unfortunate the sharp debate that schumer is talking about, debate the progressive budget, which actually adds spending and stimulus against the ryan plan. >> we haven't cut spending, have we? seriously. can we at least try that and see whether or not all of this -- but that's not cutting spending. you're still spending the money, judd forestalling where you will make the payment. >> it's still growing. >> spending in this country is still growing. it's a contingent and sane argument to make that we need to address it from that side first. we gave you the $600 billion in new taxes, you want more, you want more spending. >> paul ryan w
. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> as president obama visits israel, the israeli embassy in the united states tries its best to convince everyone that they're best buddies. the israeli embassy actually released this very strange little video to try to make that point. >> warmly welcome president obama to israel. express our appreciation for what he has done for us. >> the bonds between the united states and israel are unbreakable. the commitment of the united states to the security of israel is ironclad. ♪ thank you for being a friend, traveled down the road and back again ♪ ♪ your heart is true, you're a pal and thank you for being a friend ♪ [ female announcer ] new york strips. sudden trips. mr. wiggles and curling irons. for the little mishaps you feel, use neosporin
and improve our economy. there is a direct link between investments and infrastructure and improvements in the economy. >> now, governor rendell, i want to -- you're a politician so you are able to deal with some of the rougher news. let's go where we got grades of c plus to c minus. rail, a big one. bridges really big. ports. public parks and rec. i know leslie noth will be sad about the c minus in parks and rec. big things. rail, bridges, and ports are three large scale, important things this country needs if we want to move, you know, and then look at d. dams d, energy d plus. aviation d. this worries me frankly. drinking water d. roads d. this is humbling. tell me what you make of it. i'm interested in your take as a former politician, a recovering politician maybe. every politician says they want to invest in infrastructure. i feel like it's in every state of the union address ever and yet look at the grades greg's organization is giving us for it. >> well, the truth is every politician says it but they don't act upon it. interestingly, stimulus because of the tiger grants gave a l
and financial costs due to the influx. and has further strained the economy that is already under considerable external pressures. with an unstable region, a sluggish global economy that is still recovering. but having said that as i already alluded to, we are so grateful to the u.s. assistance in shouldering this enormous responsibility and more help in fatesing this humanitarian calamity. we had the opportunity to talk about the peace process and we're very delighted by the vision and the depth of wisdom that the president showed over the past several days in his trip with the israelis and the palestinians. obviously i reiterate jordan's commitment to the peace process. and the crucial importance of u.s. leadership in resuming the palestinian/israeli negotiations based on the two-state solution. there is simply no other formula, no other alternative. the two-state solution is the only way to go. and if you compare that also with the radicalization of syria, together with the impasse in the peace process, this is going to be a serious threat to an already-volatile region. i believe there is a
and the economy first and managing our debt wisely and responsibly. >>> what will you say in response to the rep criticism and clearly paul ryan's manifesto, when his budget shows the contrast, what do you say to their criticism that you don't resolve the spending cuts, that you don't deal with the debt adequately, just to play devil's advocate for a moment? >> sure. firstly, we do cut spending in our budget, but if you look at the ryan republican budget, it calls itself balanced, but it does it? just a horrendous ways to families across our country, who have been watching their kids go to school and struggle because of the cutbacks there, people who can't get a job today, people who want to have a strong country in the future, know that the investments we make in education and the infrastructure are devastated in the ryan budget, and he makes false promising that could be kept about reducing the tax rates. the only people that are protected in the ryan budget are the wealthiest and the largest corporations. they tell the rest of america, you are responsible for managing this debt that we have g
to see right now. we have a $14 trillion economy with $13 trillion of demand. the government is not making up the difference. if the government stops, will the economy collapse? maybe republicans will be happy because there will be a reserved army of 25 million unemployed people and as for the middle class, that's going to be over. >> we're not talking about jobs that are not necessary. i mean, when i come down your way, as i offered to come down to atlanta, we need insfra structure redevelopment. we're talking about bridges, tunnels, infrastructure that needs repair, needs to be dealt with, jobs that are needed. we're not just talking about charity here. >> indeed. >> look, i have five children -- >> this is not like the works public administration where some of the jobs that were created during the great depression weren't immediately necessary. i love some of those artworks but you can argue that those weren't necessary. but infrastructure spending is absolutely necessary. we are running so far behind. some of our biggest international competitors, like the chinese. >> rig
price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> shepard: hey, if you kick a helpless see you lose your beach privileges. the mayor of san diego ordering officials to close down a stretch of beach in la jolla after cameras caught people kicking and punching and sitting on top of seals and their brand new pupsz. workers installed the cameras in january to watch the seals give birth. instead cameras caught people harassing the animals. now the beach is off limits at night. that is not sitting well folks say that beach should be open to everybody. trace gallagher is in our west coast news hub. first, did they find the people who attacked the sealed seals? >> not yet, shep. the city attorney says if suspects are brought in they will be prosecuted and wildlife groups say they are appalled by the abuse beca
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